The Bretton Woods system of exchange rates relied on:
A)flexible exchange rates.
B)fixed exchange rates with no mechanism for changing them.
C)fixed or "pegged" exchange rates, with occasional orderly adjustments to the rates.
D)Canada to set and periodically review worldwide exchange rates.

Question

Quizplus · Accepted Answer

The Bretton Woods system relied on fixed or "pegged" exchange rates, but with occasional orderly adjustments to the rates. It was not a completely inflexible system, but it did maintain a certain level of stability in exchange rates through these occasional adjustments.

The Bretton Woods System of Exchange Rates Relied On